Amazon profit jumps while revenue misses mark

Amazon reported that profit leapt during the year-end holiday shopping season, but the tech giant saw shares sink as revenue fell shy of high expectations. While revenue rose to $43.7 billion from $35.7 billion in a similar year-over-year comparison, Wall Street had expected Amazon to take in more cash during the key holiday shopping season. "Amazon is usually a retailer that operates at full volume, the noise of its sales growth a clarion call in an often muted retail sector," said GlobalData R